SmarTrend Detects Continued Buying Pressure in Shares of DexCom (DXCM)
SmarTrend identified an Uptrend for DexCom (NASDAQ: DXCM) on December 15, 2009 at $7.68. In approximately 3 months, DexCom has returned 28.3% as of today's recent price of $9.85.
DexCom is currently above its 50-day moving average of $9.39 and above its 200-day moving average of $7.67. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of DexCom shares.
Write to Chip Brian at cbrian@tradethetrend.com
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